10.12.2015

Here we will make a comparison between the expensive when send money trough bank transfer and when send money with online wallets. Please note that bank fees can vary quite a lot depending on the given country and if you send money domestically or abroad.

Generally, let us say that we want to send $500 to a friend in foreign country. If we transfer the money bank to bank the fees will be between $30-50 and also if the bank accounts are in different currencies there will be exchange fee so totally out of $500 you will pay the banks $50-100. Which means you will loose more than 10% of your money.

Also you will need to input correctly all the bank information - full name, bank account number (IBAN for Europe), bank name, bank address, bank code (most commonly SWIFT code) and so on. Also it will take a few business days to process the transfer.

On the other hand you can very easily and with the same security and confidence you one of the online wallets to do the same operation at far less cost, time and effort. We recommend you Skrill and Neteller which are licensed and financially regulated institutions.

You can upload money to your online wallet account from your bank
account free of charge, for for a small fee from a bank card or local
payment solution. You can transfer the money to your friend abroad for
1% fee (in our example 1% from $500 is $5) immediately (even on
holidays) only knowing the recipient's email.

Your friend abroad can withdraw the money to their bank account or VISA
card for a small fee app. $4. Or if they have a plastic card which both
companies (Skrill and Neteller) offer they can go to the nearest ATM and just withdraw the money with the standard tax.

2nd-Level Referral - a user who was invitedto OKPAY by your first-level referral.

Transactions between users

Suppose your 2nd-Level Referral
makes a €500 EUR transaction. For this transaction you, as the initial
indirect referrer, will receive 10% of our service fee, i.e. €0.25 EUR in your account!
In a similar fashion, if the same operation is performed by your first-level referral, you will receive 20% of the fee, i.e. €0.50 EUR will be deposited to your account!

OKPAY Card operations

When your first-level referral
orders a card via courier, you will immediately receive $3 to your
account. And after the card is activated, every card load by this user
will instantly put $0.20 into your OKPAY wallet.

E-money deposits and bank withdrawals

Suppose one of your 1st-level referrals makes a $300 USD deposit in one of e-currencies – you will immediately receive 0.5% of this amount, i.e. $1.5 USD.
After a while, this user decides to move this money to a bank account. In that case, you will receive $1 more.